Your role
Are you an expert when it comes to performing second-line-of-defense activities? Do you 'think on your feet', balancing commercial objectives with legal, regulatory and ethical considerations? Do you advocate for the importance of operational risks?
We're looking for an Operations Compliance Specialist to:
• provide challenge to IB Operations and act as a compliance and operational risk control (C&ORC) subject-matter expert for IB Operations, supporting them in managing risk
• provide specialized compliance advice in the APAC region including providing and updating rule interpretations as well as working with the Ops SMEs to ensure ongoing compliance with the rules and regulations governed by the regulators in APAC. This includes familiarity with the OTC derivatives reporting regime, the margin rules and requirements, client asset protection requirements and the position limit reporting.
• stay up to date with regulatory requirements and trends specifically supporting the APAC region and participate in any relevant regulatory change initiatives that impact IB Operations
• perform second-line-of-defense activities such as Thematic Reviews and provide forward looking challenge and oversight of key Operational or Regulatory risks and identifying these before others
• influence management within IB Operations on key operational risks and the actions required to mitigate risk
• represent the team and escalate compliance and operational risk issues/concerns in the relevant forums including Risk and Management Committees
Your team
You'll be working in the IB Business Aligned Compliance team in APAC, and you'll play a vital role in seeing that the necessary risk frameworks are appropriately embedded across the division. As a compliance and operational risk specialist you'll lead second line of defense activities and partner with the business to manage regulatory and associated risks. You will be based in our Hong Kong office.
Your expertise
• Bachelor's degree or equivalent in finance or a related field
• Demonstrated track record in compliance, risk control or risk management within investment banking or previous experience in Operations would be advantageous
• Analytic, with the ability to provide practical solutions for minimizing risk
• Result-oriented and assertive (you don't shy away from challenging situations)
• Experience facing off to APAC based businesses, having the gravitas to challenge them and make impact
• Strong written and verbal communications
About us
UBS is the world's largest and the only truly global wealth manager. We operate through four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. Our global reach and the breadth of our expertise set us apart from our competitors..
We have a presence in all major financial centers in more than 50 countries.
Join us
At UBS, we embrace flexible ways of working when the role permits. We offer different working arrangements like part-time, job-sharing and hybrid (office and home) working. Our purpose-led culture and global infrastructure help us connect, collaborate, and work together in agile ways to meet all our business needs.
From gaining new experiences in different roles to acquiring fresh knowledge and skills, we know that great work is never done alone. We know that it's our people, with their unique backgrounds, skills, experience levels and interests, who drive our ongoing success. Together we're more than ourselves. Ready to be part of #teamUBS and make an impact?